Mine workers employed at Sibanye Gold's Masimthembe shaft operate a drill in Westonaria, South Africa, April 3, 2017. REUTERS/Mike Hutchings

Home » Class Action Lawsuit Filed Against South Africa’s Sibanye-Stillwater Following Fatalities

Class Action Lawsuit Filed Against South Africa’s Sibanye-Stillwater Following Fatalities

JOHANNESBURG (Reuters) – A U.S. law firm has filed a class action lawsuit against South African miner Sibanye-Stillwater on behalf of shareholders to recover losses suffered after a spate of deaths at its mines triggered a sharp fall in its share price. Bernstein Liebhard LLP said in a statement the suit would deal with “misleading […]

By SAPeople Contributor
28-06-18 23:41
in Business
Mine workers employed at Sibanye Gold's Masimthembe shaft operate a drill in Westonaria, South Africa, April 3, 2017. REUTERS/Mike Hutchings

JOHANNESBURG (Reuters) – A U.S. law firm has filed a class action lawsuit against South African miner Sibanye-Stillwater on behalf of shareholders to recover losses suffered after a spate of deaths at its mines triggered a sharp fall in its share price.

Mine workers employed at Sibanye Gold’s Masimthembe shaft operate a drill in Westonaria, South Africa, April 3, 2017. REUTERS/Mike Hutchings

Bernstein Liebhard LLP said in a statement the suit would deal with “misleading statements” made by the precious metals producer, which has had 21 fatalities on its operations so far in 2018, almost half of the total in South Africa’s mining industry.

(Reporting by Tanisha Heiberg; Editing by Ed Stoddard)